GOOD MORNING INDIA

Your Morning Newsletter In Energy And Infrastructure From Across The Media Space

The Supreme Court on Monday extended a lifeline to the three troubled imported-coal-based power plants of Tata, Adani and Essar in Gujarat by allowing the Central Electricity Regulatory Commission (CERC) to amend their power purchase agreements (PPAs) to facilitate pass-through of future fuel price escalation subject to a cap.

The Supreme Court Monday asked the Central Electricity Regulatory Commission to give a decision in eight weeks on the proposed amendments in the power purchase agreements of coal-based plants of the Adani, Tata and Essar groups in Gujarat.

Rupee slide has created viability risks for nearly half of the solar power capacities under implementation, worth Rs 28,000 crore, by making imported solar modules costlier and pushing up overall project costs, CRISIL Ratings said in a report on Monday.

Domestic coal supply remains significantly short of the domestic demand on the back of strong recovery in power demand and a healthy growth in production levels from non-regulated consuming sectors like cement, aluminium, and steel, rating agency Icra said Monday.

As Delhi continues to battle alarming pollution levels, a new study has found that three of the world's largest nitrogen dioxide emission hotspots that contribute to formation of finer particulate matter causing air pollution are in India, with one in the Delhi-NCR.

Bharat Petroleum Corp Ltd's profit nearly halved in the second quarter, well below analysts' expectations, after a unit at its Mumbai refinery was closed by a fire. Profit in Bharat Petroleum's fiscal second quarter ended Sept.

The downward slide in petrol and diesel price continued Tuesday. Petrol price was cut by 20 paise a litre and now costs Rs 79.55 per litre in Delhi. Diesel rates were reduced by Rs 0.07 to Rs 73.85 a litre.

The Delhi High Court on Monday sought response of the Centre on Vedanta Ltd's plea challenging its notice to oil marketing companies (OMCs) not to forward to the company its share of the proceeds from sale of petroleum products.

Shortly after US President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero.

India, Russia and Iran will hold a trilateral meeting on the International North South Transport Corridor (INSTC) on November 23 to make the 7,200-km-long ship, road, and rail route operational soon, an official statement said on Monday.

India already has a 515-km functional network of metro tracks in various cities and 15 more will soon have over 660 kilometres of tracks for rapid urban transportation, Union Minister Hardeep Singh Puri said Monday.